Fritz Machlup

(1902–1983) Economist

5 quotes in 60 categories

Fritz Machlup was an economist.

Quick Facts About Fritz Machlup

Born: December 15, 1902
Died: January 30, 1983
Profession: Economist

About Fritz Machlup

[Wikidata] Austrian economist (1902–1983)... | [Wikipedia] Fritz Machlup was an Austrian-American economist known for his work in information economics. He was President of the International Economic Association from 1971 to 1974. He was one of the first economists to examine knowledge as an economic resource, and is credited with popularising the concept o

Quotes by Fritz Machlup

When I reviewed Hayek's book, The Pure Theory of Capital, it is my sincere conviction that this work contains some of the…

Fritz Machlup

Book

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If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic…

Fritz Machlup

Bases

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Information is acquired by being told, whereas knowledge can be acquired by thinking.

Fritz Machlup

Information

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The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers…

Fritz Machlup

Attractiveness

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One of the most original and most important ideas advanced by Hayek is the role of the 'division of knowledge' in economic…

Fritz Machlup

Division

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